Updated May-2023 Exam P-S4FIN-2021 Dumps - Pass Your Certification Exam
Latest Real SAP P-S4FIN-2021 Exam Dumps Questions
To prepare for the SAP P_S4FIN_2021 certification exam, candidates should have a solid understanding of financial processes in SAP S/4HANA. They should also have hands-on experience in SAP S/4HANA financial management, as well as the ability to configure and customize financial modules. Candidates can also take advantage of SAP training courses and study materials to prepare for the exam.
NEW QUESTION # 22
What are the features of the multi-valuation ledger for parallel valuation methods in SAP S/4HANA? Note:
There are 2 correct answers to this question.
- A. It will NOT have any valuation view assigned to the ledger.
- B. It utilizes separate amount columns in the same ledger.
- C. It is available only for new installations.
- D. It requires a non-leading ledger for parallel valuations.
Answer: A,B
NEW QUESTION # 23
On which levels can you assign semantic tags to a financial statement version in SAP Fiori?Note: There are 3 correct answers to this question.
- A. Segment
- B. Business area
- C. Functional area
- D. G/L account
- E. Financial statement item
Answer: C,D,E
NEW QUESTION # 24
Which objects do you need to configure in SAP S/4HANA after a conversion from classic G/L to SAP S/4HANA? There are 2 correct answer to this question.
- A. Document type
- B. Currency type
- C. Accounting principle
- D. Valuation Area
Answer: C,D
NEW QUESTION # 25
What can you do with asset accounting in SAP S/4HANA Finance? There are 3 correct answer to this question.
- A. Define transaction types by depreciation area
- B. Post revenue for retirements by acquisition and production cost
- C. Simultaneously post separate values by depreciation area.
- D. Assign separate settlement rules for depreciation areas.
- E. Complete periodic acquisition and production cost adjustments postings
Answer: B,C,D
NEW QUESTION # 26
Your customer wants to convert their SAP ERP New G/L ledger solution to SAP S/4HANA.Which system configuration options are available for the customer after the conversion project is finalized? Note: There are 2 correct answers to this question.
- A. Implementation of real-time integration of controlling to financial accounting
- B. Implementation of an additional standard ledger for parallel accounting
- C. Implementation of chart of accounts conversion
- D. Implementation of document splitting
Answer: B,D
NEW QUESTION # 27
What must you create before you can record commitments in the universal journal?
- A. Extension ledger
- B. Document type
- C. Tolerance profile
- D. Statistical cost elements
Answer: A
NEW QUESTION # 28
What does the Parallel Accounting Using G/ L Accounts indicator in ledger configuration allow you to do?
- A. Assign 2 or more ledgers to 1 accounting principle
- B. Assign 2 or more Accounting principles to 1 Ledger
- C. Assign 2 or more valuation areas to 1 company code
- D. Assign 2 ledgers to 1 company code
Answer: B
NEW QUESTION # 29
What can you do with SAP S/4HANA accrual management?
- A. Automatically calculate accruals for asset acquisitions with purchase orders
- B. Post and analyse accruals in all currencies defined for the general ledger
- C. Carry forward accruals to future years independent of the other ledger values
- D. Post planned accrual amounts in table ACDOCP and analyse them in reports
Answer: A
NEW QUESTION # 30
What are the key components of the Intelligent Enterprise by SAP? There are 3 correct answer to this question.
- A. Hybrid Cloud
- B. Seamless integration
- C. Digital platform
- D. Intelligent technologies
- E. Intelligent suite
Answer: C,D,E
NEW QUESTION # 31
What is an advantage of selecting the multi-tenant edition of SAP S/4HANA Cloud instead of an On-premise SAP S/4HANA solution?
- A. Cloud platform compatibility
- B. Fuller integration to external systems
- C. Faster innovation cycles
- D. Support for all industries
Answer: C
NEW QUESTION # 32
In the standard delivery system, what isthe maximum number of components you can use for the primary cost component split of activities and the cost component split of cost of goods sold?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: C
NEW QUESTION # 33
You are using SAP S/4HANA with account-based profitability analysis. For which objects can you activate derivation of profitability characteristics for G/L line items, without profitability segment'?
- A. Fixed assets
- B. Materials
- C. Suppliers
- D. Production orders
Answer: D
NEW QUESTION # 34
You want to convert your system from an account solution into a ledger solution without a prior new G/ L migration project. Which scenario can be used? NOTE: There are 2 correct answers to this question.
- A. System conversion (Brownfield)
- B. Selective data transition
- C. Central Finance
- D. New Implementation (greenfield)
Answer: C,D
NEW QUESTION # 35
What is posted at the same time to both account-based and costing-based profitability analysis? Note: There are 2 correct answers to this question.
- A. Standard cost of goods sold
- B. Actual revenue
- C. Incoming sales orders
- D. CO-PA valuated insurance costs
Answer: B,C
NEW QUESTION # 36
What conversion preparation step can be executed only after installing SAP S/4HANA? Please choose the correct answer.
- A. Maintenance planner
- B. Check customizing settings prior to migration
- C. Simplification item check
- D. SAP readiness check
Answer: B
NEW QUESTION # 37
Which technologies help you decrease data volume in the SAP HANA database? There are 2 correct answer to this question.
- A. Archiving
- B. Mirroring
- C. Aging
- D. Indexing
Answer: A,C
NEW QUESTION # 38
What open period is checked by the third interval of the Open Posting Periods variant in financial accounting?
- A. Postings to special periods
- B. Postings from CO to FI
- C. Postings with a special authorization group
- D. Postings to FI Subledgers
Answer: B
NEW QUESTION # 39
In controlling, what is a mandatory customizing step when convening a system to SAP S/4HANA?
- A. Migrate the material ledger
- B. Create document type for CO postings
- C. Define profit center hierarchy.
- D. Activate account based CO-PA
Answer: D
NEW QUESTION # 40
What is One Exposure from Operations?
- A. It is an SAP Fiori app that shows all the exposures of the company to foreign currency risk and interest risk.
- B. it is a standalone SAP NetWeaver system that handles Cash Operations integration.
- C. It is a central data storage location that integrates data from Treasury and Risk Management, Cash and Liquidity Management Contract Accounting, and Financial Operations.
- D. It is an ABAP report that shows the risk if the liquidity of the company will NOT meet short-term LJ financial demands with the current business Operation.
Answer: C
NEW QUESTION # 41
You perform a direct activity allocation. Which database tables are updated? Note: There are 2 correct answers to this question
- A. COSS
- B. ACDOCA
- C. BSEG
- D. COBK
Answer: B,D
NEW QUESTION # 42
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The SAP P-S4FIN-2021 exam is a comprehensive assessment that covers various topics related to financial management in SAP S/4HANA. Candidates have to demonstrate their proficiency in areas such as financial and management accounting configuration, financial closing, financial operations, and reporting. The exam also evaluates their ability to use SAP S/4HANA functionalities, including the universal journal, parallel accounting, and document splitting.
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